SMIC's $7.6 billion share sale reveals China's ambitious plan for technological self-sufficiency

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SMIC's $7.6 billion share sale reveals China's ambitious plan for technological self-sufficiency


With the trade war between the US and China raging on, the latter country is working hard to reduce its dependence on American chips and intellectual property related to semiconductors. Last year, the Chinese government poured no less than $29 billion into local tech companies to accelerate the development of...

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